Asia-Pacific Plant-based Yogurt Market Outlook, 2028

Increased health consciousness among APAC consumers has resulted in a shift in eating habits. Many consumers were looking for healthier, dairy-free alternatives to traditional yogurt, which contributed to the demand for plant-based products. The relatively high prevalence of lactose intolerance in several APAC nations, combined with a growing awareness of dairy allergies, has spurred the popularity of plant-based yogurt. These goods appealed to people who couldn't consume dairy-based yogurt. The APAC region is culturally varied, with a vast diversity of gastronomic preferences. Manufacturers were producing plant-based yogurt products to suit unique regional tastes and nutritional requirements, such as veganism, vegetarianism, and religious dietary constraints. Traditional plant-based yogurts have long been a part of the culinary legacy of various APAC countries. In India, for instance, "lassi" made with yogurt and plant-based components such as mango or rosewater, has been a family favourite for decades. Because customers are already familiar with the concept of dairy-free yogurt-like beverages, conventional yogurts have laid the groundwork for the acceptance of current plant-based yogurt substitutes. APAC is home to a wide range of religious and dietary customs, which frequently affect eating choices. Plant-based yogurts, for example, are well-received by both vegetarians and vegans in India, where vegetarianism is a widespread dietary choice motivated by religious beliefs. Similarly, in Southeast Asia, where Buddhism is widespread, vegetarian and plant-based cuisine, including yogurt, are preferred. Food is frequently featured in APAC festivals and celebrations. Plant-based yogurt manufacturers profit from these cultural holidays by creating special and festive tastes that correspond to traditional celebrations. This strategy not only responds to cultural sensitivities but also increases sales throughout the holiday season.

According to the research report, “Asia-Pacific Plant-based Yogurt Market Outlook, 2028” published by Bonafide Research, the market is anticipated to grow during the forecast period. Veganism is becoming more popular in the Asia-Pacific region. While it can be more difficult to follow a vegan diet in some countries due to cultural traditions that incorporate animal products, there is a growing urban vegan population in Asian cities. Plant-based yogurt is popular among vegans since it adheres to their dietary choices. The ingredients and flavors of APAC countries are different and unique. Locally sourced fruits, spices, and herbs are frequently used by manufacturers in the region to develop plant-based yogurt varieties that appeal to local preferences. Coconut-based yogurt with tropical fruit flavors, for instance, is popular in Southeast Asia, whereas matcha-flavored soy yogurt is popular in Japan. Manufacturers are capitalizing on APAC consumers' broad palates by developing a wide selection of new tastes in plant-based yogurt. These flavors are frequently inspired by regional foods and culinary traditions. Exotic and one-of-a-kind flavors are gaining popularity. In the creation of plant-based yogurt, there is a rising emphasis on using locally produced ingredients. Customers value items that support local farmers and lower the carbon footprint of food production. Manufacturers are emphasizing the utilization of locally sourced ingredients as a marketing point. APAC consumers are becoming more concerned about the nutritional value of their food. To improve digestive health and overall well-being, plant-based yogurt manufacturers are supplementing their products with probiotics, vitamins, and minerals. Functional yogurts are becoming increasingly popular. Busy lives in APAC's urban areas have resulted in an increase in quick and on-the-go snack options. Plant-based yogurt, which is frequently offered in single-serving cups or pouches, fits right in with this trend. It is marketed as a healthy and portable food option.

Based on the report market is majorly divided into five countries China, Japan, India, Australia and South Korea.
China's vast population provides a sizable market base for a variety of culinary goods, including plant-based yogurt. The market's sheer scale generates tremendous demand and opportunity for manufacturers. Chinese consumers' growing health consciousness has fueled demand for healthier nutritional options. Plant-based yogurt is seen as a more nutritional and health-conscious alternative to dairy yogurt, appealing to people looking for less saturated fat, fewer chemicals, and lactose-free alternatives. As part of its attempts to address health and environmental problems, the Chinese government has actively promoted plant-based diets and sustainability. This encouragement has helped foster the creation and marketing of plant-based yogurt products. The growing urbanization of China has resulted in changes in lifestyle and food choices. Urban consumers, who have busy lives and more exposure to global food trends, are more likely to adopt plant-based diets and experiment with dairy replacements such as plant-based yogurt. Chinese cuisine is diverse and rich, with a long history of using plant-based components. This cultural acceptance of plant-based cuisine has facilitated the spread of plant-based yogurt in China.

In terms of product type market is bifurcated into soy, almond, rice and others.
The market for plant-based yogurt products in the Asia-Pacific area features an intriguing blend of traditional and creative flavors, reflecting the region's rich culinary diversity and the growing demand for dairy substitutes. Soy-based yogurt, which has deep roots in Asian cuisine and is celebrated for its creamy texture and versatility, is one of the most common product types. Brands such as Vitasoy and So Good provide a wide variety of soy yogurt options, frequently adding local fruit flavors and traditional Asian ingredients to suit regional tastes. Coconut milk yogurt is another popular option in Asia-Pacific, where coconut is used in a variety of recipes. Thai Coco and Raglan Coconut Yoghurt make coconut yogurt with a tropical twist, frequently blending in genuine coconut chunks or infusing unique spices and herbs, creating an exotic and refreshing yogurt experience. Almond milk yogurt has also begun to make inroads in some regions of Asia, introducing the nutty flavor of almonds to the plant-based yogurt landscape. In response to the region's desire for almond-based yogurt, brands such as Almond Breeze have increased their offerings.

Based on distribution channel market is divided into hypermarkets and supermarkets, convenience stores, e-commerce and others.
Convenience stores are one of the major distribution channel plant-based yogurt in Asia-Pacific region. Asian countries have undergone rapid urbanization and have an increasingly fast-paced lifestyle. As a result, consumers frequently seek handy, on-the-go dietary solutions. Convenience stores are strategically positioned in metropolitan areas and are well-suited to serve these busy people who may not have time to visit larger supermarkets. Convenience stores are well-known for their modest footprint and ease of access. Consumers may walk into these establishments, grab a plant-based yogurt product, and be on their way without having to go to the grocery store. This ease of use encourages impulse buying. The plant-based food sector is expanding rapidly in the Asia-Pacific area. Convenience stores are well-positioned to enter emerging markets by offering plant-based yogurt options to customers who are trying out dairy alternatives for the first time. Convenience stores provide a convenient stop for travelers at tourist areas and transportation hubs around the Asia-Pacific region. By providing plant-based yogurt options, visitors and travelers with dietary limitations can easily locate suitable meal options. Convenience stores concentrate on single-serve and grab-and-go items, which are ideal for individual-sized yogurt quantities. Many plant-based yogurt products are available in portable containers, making them perfect for on-the-go consumption or transportation to work or school.



Considered in this report
• Geography: Asia-Pacific
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report
• Asia-Pacific Plant-based Yogurt with its value and forecast along with its segments
• Country-wise Plant-based Yogurt market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• China
• Japan
• India
• Australia
• South Korea

By Product Type:
• Soy
• Almond
• Rice
• Others

By Distribution Channel:
• Hypermarkets and Supermarkets
• Convenience Stores
• E-Commerce
• Others

The approach of the report
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations and organisations related to the Plant-based Yogurt industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.